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Zynga, Inc. Message Board

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  • odonnellm66 odonnellm66 Oct 31, 2012 11:25 AM Flag

    ZNGA: The primary trend--down-- remains intact.

    I take the opposite view. The fact that ZNGA would speculate in the price of its very own sad stock is an act of desperation, an attempt to put a floor beneath beneath the selling. It indicates that creativity is at a low point. Of course, they could make an acquisition like OMGPop, and then write off more than 50% of the purchase price months later. The bottom line is that this is not shareholder money put to good use. The company would be better off purchasing Pacific Heights mansions, maybe a whole block's worth, and renting out the rooms to employees. Now that's an investment.

    Sentiment: Strong Sell

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ZNGA
2.805-0.035(-1.23%)Jul 6 4:00 PMEDT